Examples of ICSID Arbitration Rules in a sentence
These proceedings are conducted in accordance with the ICSID Arbitration Rules in force as of April 10, 2006.
These proceedings are conducted in accordance with the ICSID Arbitration Rules in force as of 10 April 2006.
Rule 43(1) of the ICSID Arbitration Rules provides: If, before the award is rendered, the parties agree on a settlement of the dispute or otherwise to discontinue the proceeding, the Tribunal, or the Secretary-General if the Tribunal has not yet been constituted, shall, at their written request, in an order take note of the discontinuance of the proceeding.
Rule 44 of the ICSID Arbitration Rules provides: If a party requests the discontinuance of the proceeding, the Tribunal, or the Secretary-General if the Tribunal has not yet been constituted, shall in an order fix a time limit within which the other party may state whether it opposes the discontinuance.
In that letter, the parties notified the Tribunal that the Respondent intended to raise objections to jurisdiction, which the Tribunal would be required to rule on before proceeding to the merits of the case in accordance with Article 41 of the ICSID Arbitration Rules.
At the first session, the parties agreed that the Tribunal had been properly constituted and that they had no objection to any of the members of the Tribunal, and it was noted that the proceedings would be conducted under the ICSID Arbitration Rules in force since September 26, 1984 (hereinafter “the Arbitration Rules”).
The Parties and the Tribunal agreed at the first procedural meeting that these arbitration proceedings would be conducted in accordance with the ICSID Arbitration Rules in force as at 10 April 2006 (but not any amendments thereto).
The Centre then considered Claimants’ earlier request to have the third presiding arbitrator appointed by the Chairman of the ICSID Administrative Council as provided for in Article 38 of the ICSID Convention and Rule 4 of the ICSID Arbitration Rules.
The Tribunal was officially constituted on 27 May 2008, in accordance with the Convention and ICSID Arbitration Rules.
ICSID Arbitration Rules 50 and 52 through 55 implement the annulment remedy in the Convention, including the institution of annulment proceedings, the appointment of an ad hoc Committee to decide the application, and stays of enforcement of the award while the annulment application is pending.